# Godongwana’s R10 billion petrol price relief sees prices fall by 1 cent per litre

> South Africa's Department of Mineral and Petroleum Resources announced November fuel price changes effective 4 November. Petrol 93 and 95 fall by 1 cent per litre, while diesel 0.05% and 0.005% fall by 110 and 120 cents per litre. The reductions follow a fuel levy relief announced by Finance Minister Enoch Godongwana in the Medium-Term Budget Policy Statement.

- Date: 2026-11-03 · published 2026-11-04T03:09:54.315Z
- Category: policy · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/79033-godongwana-s-r10-billion-petrol-price-relief-sees-prices-fall-by-1-cent-per
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Without the levy relief, higher international product prices and a weaker rand would have pushed South African pump prices up; diesel relief matters most for road freight, which carries about 80% of goods. Fuel-cost relief eases transport inflation pressure on feed logistics but does not change global grain or oilseed supply.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-12-04 | [OPEC Plus opts against cutting production as oil prices fall - The Washington Post](https://feedsoft.ai/events/38138-opec-plus-opts-against-cutting-production-as-oil-prices-fall-the-washington-post.md) | -12.5% | -2.1% |
| DIESEL | 2026-09-30 | [Explainer-What is red-dyed diesel and can it help lower prices, as Trump wants? By Reuters](https://feedsoft.ai/events/17660-explainer-what-is-red-dyed-diesel-and-can-it-help-lower-prices-as-trump-wants.md) | -6.2% | -4.4% |
| DIESEL | 2024-10-02 | [Fuel Tax Relief for Areas Hit by Hurricane Helene \| Weaver](https://feedsoft.ai/events/12044-fuel-tax-relief-for-areas-hit-by-hurricane-helene-weaver.md) | +5.8% | -1.5% |
| DIESEL | 2021-11-24 | [Explainer: What is happening with U.S. gasoline prices? \| Reuters](https://feedsoft.ai/events/7078-explainer-what-is-happening-with-u-s-gasoline-prices-reuters.md) | -13.2% | -3.3% |
| DIESEL | 2026-03-23 | [U.S. to bring more diesel to market to address fuel prices: Wright](https://feedsoft.ai/events/20339-u-s-to-bring-more-diesel-to-market-to-address-fuel-prices-wright.md) | -2.4% | -23.4% |

## Sources

- dailyinvestor.com: https://dailyinvestor.com/energy/163156/godongwanas-r10-billion-petrol-price-relief-sees-prices-fall-by-1-cent-per-litre/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.